As of the time of writing, the golden industrial concept declined the most, with SD Gold (01787) falling 3.35% to HKD 15.76; Chi Silver GP (00815) fell 3.17% to HKD 0.305; Lingbao Gold (03330) fell 1.69% to HKD 2.9.
According to the information obtained by the WiseNews APP, the golden industrial concept declined the most, with SD Gold (01787) falling 3.35% to HKD 15.76; Chi Silver GP (00815) fell 3.17% to HKD 0.305; Lingbao Gold (03330) fell 1.69% to HKD 2.9; Zijin Mining Group (02899) fell 1.68% to HKD 16.42.
On the news front, the May CPI in the USA was lower than expected. However, the latest Dot Plot shows that the Fed officials drastically lowered their expectations of interest rate cuts this year from 3 times to 1, lower than the market expectation of 2 times, bearish for metals. In addition, Fed Chairman Powell's speech at the press conference also released a 'hawkish' signal. Powell said that inflation has eased significantly, but still remains high. So far this year, there is not enough confidence in inflation to make a bigger move to lower interest rates.
